Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $800 (64 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fountain Square area of Indianapolis.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 237 Villa Ave

237 Villa Ave

IndianapolisIN46201

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 336 Prospect St

336 Prospect St

IndianapolisIN46225
property at 423 Villa Ave

423 Villa Ave

IndianapolisIN46201
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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Emhardt Apartments
Studio to 2 Bedroom Apartments

Emhardt Apartments

512 E Minnesota StIndianapolis, IN 46203
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203
property at 501 Madison Ave

501 Madison Ave

IndianapolisIN46225

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Fountain Square, Indianapolis, IN Local Guide

Cheapest Available Fountain Square Apartments for Rent

 

The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 1 Bed unit found at Madison Lofts priced from $999. Emhardt Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,095. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Madison LoftsThe Flat 1x11BR,1BA$999
Emhardt Apartments2BR/1.0BA2BR,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099
Mozzo apartmentsModern Studio, Steps Away from Downtown and Fou...Studio,1BA$1,099
The VueSTUDIO APARTMENTStudio,1BA$1,126
Wheeler LoftsB1BR,1BA$1,153
City's EndBarcelona 0.1Studio,1BA$1,220
Rise on MeridianThe AmeliaStudio,1BA$1,261
CityWayAmaranth1BR,1BA$1,269

Best Value Apartments for Rent in Fountain Square, IN

As of November 02, 2025 the best value apartment in the Fountain Square area is the $1.35 price per square foot 2 Bed 1.5 Bath Model at Fountain Square Townhomes in the in the Concord neighborhood starting from $1,619. The second greatest value Fountain Square apartment is the G- 2 Bedroom Model at Slate Apartments starting at $2,190 with a $2.00 price per square foot in the Wholesale District neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
Slate ApartmentsG- 2 Bedroom2BR,2.5BA$2.00
Edge 35B32BR,2BA$1.88
Emhardt Apartments2BR/1.0BA2BR,1BA$1.21
The VueONE BEDROOM APARTMENT1BR,1BA$1.66
1115 Laurel St, Unit B1115 Laurel StStudio ,1BA$1.23
Lofts on MadisonStudioStudio ,1BA$1.63
Madison LoftsThe Loft 1x1-L1BR,1BA$1.63
PinnexA11BR,1BA$2.11
Five Twenty VirginiaE1BR,1BA$2.05

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #136

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Fountain Square Neighborhood in Indianapolis, IN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fountain Square Apartments

What is the Cheapest Studio apartment in Fountain Square?

Currently the most affordable Cheap Studio Apartment in Fountain Square is at Mozzo apartments listed at $1,099.

How much is rent for a Cheap One Bedroom Fountain Square Apartment?

The lowest price for a Cheap One Bedroom Fountain Square Apartment is $999 at Madison Lofts.

What is the lowest price for a Cheap Two Bedroom Fountain Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fountain Square is starting from $1,095 at Emhardt Apartments.

What is the most affordable Fountain Square Three Bedroom Apartment?

The best deal on a cheap Fountain Square Three Bedroom Apartment rental is at Pinnex and starts from $2,299.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.